Browsing Tag

Daniel Webster

The Great Compromiser: Henry Clay Tokens (UPDATED)

It may not be in vogue anymore, but there have been several well-respected figures in American history who have lost a Presidential election as a major party nominee, only to come back and win the White House. Thomas Jefferson lost a razor-thin contest in 1796 and won four years later. Andrew Jackson prevailed in 1828, four years after he lost in a contingent election before the House of Representatives. Grover Cleveland attained his status as a trivia question by serving his two nonconsecutive terms between a losing effort in 1888. Heck, I wrote an entire book about how Richard Nixon survived losing the 1960 race to JFK only to prevail in 1968.

Of course, not everyone managed to pull off successful comebacks. Democrats nominated William Jennings Bryan in 1896, 1900, and 1908 and he lost all three times. Democrats also trotted out Adlai Stevenson twice, losing two lopsided contests to Dwight D. Eisenhower in 1952 and 1956. Republican Thomas Dewey looked set to win in 1948, four years after he lost to FDR, only to famously not defeat Harry Truman. And, during the days when Presidential elections were more regional in nature, men like Charles Pinckney, George Clinton, John Jay, Rufus King and others found themselves on the short end of multiple general election ballots, although their level of interest or involvement varied.

Then there’s Henry Clay.

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“Am I Not a Woman & a Sister”: A Hard Times Token That Foreshadowed Even Harder Times Ahead. (UPDATED)

Andrew Jackson has been in the news a lot over these last few years.

First it was the Obama Administration’s decision in 2016 to replace Old Hickory on the $20 bill with Harriet Tubman.

Then came the 2016 election, when Donald Trump openly and repeatedly praised Jackson and expressed admiration for the controversial ex-President in a way that hasn’t been in vogue in decades. Trump has also gone out of his way to associate himself with Jackson, drawing parallels with his predecessor’s populism, combative nature, political inexperience and anti-establishment attitude. Trump has Jackson’s portrait in the Oval Office, has made a pilgrimage to the Hermitage and has even given Jackson credit for things that happened well after his death. Trump’s admiration for Jackson is such that his administration has refused to commit to replacing Jackson on the $20 with Tubman. 

And, like Jackson, Trump has had his problems with the country’s central bank.

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